Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Holland ColoursFRA:HCY 65 Net-Net Working Capital is €19.48 as of Mar. 2026. GuruFocus rates FRA:HCY with a GF Score™ of 65/100 and a GF Value™ of €92.61 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 589 Chemicals companies, Holland Colours ranks better than 71.48% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Holland Colours's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €19.48.
The industry rank for Holland Colours's Net-Net Working Capital or its related term are showing as below:
FRA:HCY's Price-to-Net-Net-Working-Capital is ranked better than 71.48% of 589
companies
in the Chemicals industry
Industry Median: 7.92
vs FRA:HCY: 4.03
Holland Colours (FRA:HCY) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Holland Colours Net-Net Working Capital Related Terms
Holland Colours Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Holland Colours's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:HCY vs LIN, SHW, ECL: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Holland Colours's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Holland Colours Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Holland Colours's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Holland Colours's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of €19.48 mean?
Holland Colours (FRA:HCY) has a Net-Net Working Capital of €19.48 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Holland Colours According to the industry distribution chart, Holland Colours ranks #168 out of 589 companies in the Chemicals industry, placing it in the top 28.5%.
Is Holland Colours' Net-Net Working Capital too high?
Holland Colours' current Net-Net Working Capital is €19.48. Based on the distribution chart, Holland Colours ranks #168 out of 589 companies in the Chemicals industry, which is above the industry midpoint. Overall, Holland Colours has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Holland Colours' Net-Net Working Capital compare to LIN and SHW?
According to the Chemicals industry distribution chart, Holland Colours ranks #168 out of 589 companies for Net-Net Working Capital. This puts Holland Colours in the upper half of its industry. The industry median Net-Net Working Capital is 7.92. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.92, based on 589 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Holland Colours For the Chemicals industry, the median Net-Net Working Capital is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Holland Colours's current Net-Net Working Capital is €19.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holland Colours stock overvalued right now?
Based on GuruFocus' analysis, Holland Colours (FRA:HCY) is currently considered Modestly Undervalued. The stock's GF Value™ is €92.61, compared to a current price of €75.00 — trading 19% below its estimated fair value. The current Net-Net Working Capital is €19.48. Holland Colours' overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Holland Colours (FRA:HCY), the current Net-Net Working Capital is €19.48 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Holland Colours (FRA:HCY) Overvalued in 2026?
Based on GuruFocus' analysis, Holland Colours stock appears to be undervalued.
The current stock price of €75.00 is trading 19% below its estimated GF Value™ of €92.61.
GuruFocus considers Holland Colours to be Modestly Undervalued.
Key valuation signals for FRA:HCY:
Net-Net Working Capital: €19.48
GF Value™: €92.61 vs. price of €75.00 (19% below fair value)
No single metric tells the full story. See the FRA:HCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Holland Colours manufactures, distributes and sells colour concentrates. The company's solutions are TINTMASK, HOLCOBATCH CLASSIC, VISCOBOOST, TASTEGUARD, HOLCOMER THERMOSTRETCH, CIRCSTAB, FASTHEAT, MARKIT, HOLCOPEARL REWHITE, SORT, NATURAL COLLECTION, REVIVE COLOURS, etc. Its markets and key segments are PACKAGING, BUILDING & CONSTRUCTION, COATINGS & SEALANTS, OTHER HIGH-END APPLICATIONS. The company has three segments EMEIA, Americas, and Asia. The company generates majority of revenue from EMEIA.
65GF Score
Get the complete analysis for FRA:HCY
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:HCY has been successfully added to your 
